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Edeus tightens LTV on adverse range to 80 per cent

Edeus has tightened its lending criteria by cutting loan to values to 80 per cent on its adverse range.

It has also reduced adverse self-cert LTV to 75 per cent.

In an email to brokers the lender says: “Until the market returns to normality following this ongoing period of volatility, it is vital that a responsible lending policy is maintained.

“Therefore for the time being, we will need to make prudent changes to products and criteria at short notice.”

The changes will come into effect from close of business tonight.


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The retail distribution review totally misses the point, Clarkson Hill chief executive Ron Pritchard told his firm’s national adviser conference last week, pointing out that 10 companies account for half of consumer complaints.Speaking at the Irish resort of Druids Glen, County Wicklow, Pritchard also jibed at the FSA, saying it should shoulder some of the […]

FSA reinforces message to industry on RDR

The FSA reinforced its message at the IFP conference in Manchester last week that the proposals in the retail distribution review are industryled initiatives.Retail intermediaries sector manager Sharon Campbell repeated the FSA’s mantra that it was members of the industry not the FSA who had constructed the paper. She said: “There is no point in […]


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